The non-metal segment is projected to register the higher CAGR in the Low Temperature Powder Coatings Market during the forecast period.

Low temperature powder coatings technology provides practical benefits in the coating of many non-metallic substrates such as wood & MDF, plastics, glass, and composites. The growth of this segment is attributed to the rapidly expanding functional range of powders beyond traditional metal product finishing, into non-metallic substrates such as wood and MDF, plastics, glass, and composites. Low temperature powder coatings technology enables powder coating of non-conductive and non-metallic substrates by using a low-cost surface treatment that does not emit VOCs or other hazardous by-products.

The polyester & polyester hybrids segment is estimated to be the largest resin chemistry during the forecast period.

Resins used in low temperature powder coatings can be ground into fine particles, which is necessary for spray application and to impart even film finish. Polyester & polyester hybrids resins are preferred over other resin types because of their outstanding physical properties that enable them to withstand prolonged outdoor exposure. Polyester powder coatings exhibit good flow properties, wear resistance, and overbake stability. Super-durable polyester formulations retain color and gloss in harsh exterior applications. Polyester powder coatings are especially useful in architectural, container, shopping cart, lawn and garden, and agricultural & construction equipment applications. These factors contribute to the demand for polyester & polyester hybrids.

APAC is expected to hold the largest share of the Low Temperature Powder Coatings Market during the forecast period.

APAC has emerged as the leading consumer and producer of low temperature powder coatings. The easy availability of low-cost labor and economical & accessible raw materials are driving foreign investments, which is increasing the production of low temperature powder coatings in the region. APAC is also the fastest-growing Low Temperature Powder Coatings Market.

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